Nhai

NHAI builds 5,313 km highways, beats FY26 construction target by 15%

NHAI constructed 5,313 km of highways in FY26, surpassing its target by 15 per cent, while capital expenditure crossed ₹2.44 trillion

NHAI monetises ₹28,307 crore highways in FY26, nears ₹30k crore target

Highway authority raises Rs 28,307 crore through InvITs and TOT, and is well poised to achieve Rs 30,000 crore monetisation target for FY26, says ministry

NHAI can't deny recompense citing financial burden: Supreme Court

Supreme Court refuses to limit 2019 Tarsem Singh ruling, saying constitutional guarantee of just compensation cannot be diluted due to financial burden

Compensation, interest can't hinge on financial burden in land cases: SC

Stating that the constitutional guarantee of just compensation cannot be diluted, the Supreme Court on Wednesday said solatium and interest in a land acquisition matter cannot be contingent on the magnitude of the financial burden. A bench of Chief Justice Surya Kant and Justice Ujjal Bhuyan made the observation while disposing of the National Highway Authority of India's (NHAI) plea seeking review of the apex court's February 4, 2025 verdict -- that the 2019 decision of the top court allowing grant of compensation and interest to farmers whose land was acquired under the NHAI Act would apply retrospectively. The bench said interest payable to the landowners will be according to the land Acquisition Act, which is nine per cent, and not the NHAI Act, which has a five per cent cap. The court said NHAI sought a review the decision on the grounds that financial liability from solatium and interest to those whose land was acquired by NHAI was not Rs 100 crore as was claimed but around Rs

Toll collection from different sources may reach ₹4 trillion: Nitin Gadkari

Gadkari said toll collections could rise to Rs 3.5-4 trillion annually as India adopts AI-based, barrier-free tolling and expands road infrastructure

Delhi govt to release ₹500 cr pending dues to NHAI for two expressways

The Delhi government has approved the outstanding payments to the National Highways Authority of India (NHAI) for the construction of two major expressways around the national capital. Chief Minister Rekha Gupta said on Saturday that the cabinet recently approved a proposal by the Public Works Department to clear the outstanding amount in a phased manner. "As part of this plan, Rs 500 crore will be released in the financial year 2025-26 from the revised budget estimates to the Union Government or the National Highways Authority of India (NHAI)," a statement from the Chief Minister's Office said. The remaining Rs 3,203.33 crore will be paid in instalments in the coming years, depending on budgetary provisions, it added. According to the chief minister, the expressways, which became operational in 2018, have effectively created a protective traffic ring around Delhi through Haryana and Uttar Pradesh. "The payment would resolve long-pending inter-state financial issues and improve ..

Union Cabinet approves ₹6,969 crore Barabanki-Bahraich highway project

Four-lane NH-927 project to be built under hybrid annuity mode will ease congestion, cut travel time and improve connectivity, including links to Nepal border

FASTag Annual Pass price to rise from April 1: What you need to know

Annual pass for private vehicles sees ?75 increase for FY27 as usage crosses 5 million users and accounts for nearly 28 per cent of car toll transactions on national highways

Raajmarg Infra InvIT IPO to open March 11; anchor portion domestically

State-owned National Highways Authority of India-sponsored Raajmarg Infra Investment Trust (RIIT) on Monday said the anchor portion of its upcoming IPO will be allocated to only domestic investors. The anchor book will open for subscription on March 10. "We are in advanced discussions with anchor investors regarding the investment. The anchor portion will be allocated to domestic investors," NHAI Chairman Sathosh Kumar Yadav told reporters here ahead of its Rs 6,000-crore initial public offering. Of the issue size, over Rs 1,700 crore will be allocated to anchor investors. Raajmarg Infra Investment Trust's maiden public offering will open on March 11 and close on March 13. This will be the first time, NHAI is opening its asset monetisation programme to retail investors. The InvIT's IPO price has been fixed between Rs 99 and Rs 100 per unit. The initiative marks an important step in broadening public participation in the National Highway infrastructure growth story. The public I

NHAI-backed Raajmarg Invit's ₹6,000 crore IPO to open on March 11

Raajmarg InvIT's ₹6,000 crore IPO seeks to help NHAI meet its expanded asset monetisation targets, backed by a five-asset portfolio and a ROFO pipeline of 1,500 km of roads

Slow order awards, execution key concerns for infrastructure sector

Slow road awards and execution delays weigh on infra firms in Q3FY26, though FY27 Budget capex push and toll growth offer medium-term support

Pre-2018 Nhai land cases can't be reopened for interest claims: SC

The Supreme Court on Monday orally observed that pre-2018 land acquisition cases cannot be reopened for the grant of compensation with interest to the farmers whose land had been acquired under the NHAI Act. The observation was made by a special bench comprising Chief Justice Surya Kant and Justice Ujjal Bhuyan while commencing the hearing in an open court of a plea of the National Highway Authority of India (NHAI), seeking a review of a 2019 verdict of the top court. The apex court, in 2019, held that the decision to grant compensation with interest to farmers whose land was acquired under the NHAI Act would apply retrospectively. The NHAI, represented by Solicitor General Tushar Mehta, said the 2019 judgement imposed a huge financial burden (approximately Rs 32,000 crore) and should only apply prospectively. The bench had previously rejected this, noting that denying such benefits violated Article 14 (right to equality) of the Constitution. "What perhaps weighed with your lordsh

Govt may end cash toll payments from April to enable digital highway tolls

NHAI is considering a complete shift to FASTag and UPI toll payments from April to curb leakages, reduce congestion and create a fully digital, seamless tolling system across National Highways

NHAI accepts NHIT's ₹6,221 cr offer to monetise two highway assets

NHAI has accepted National Highways Infra Trust's offer of Rs 6,220.90 crore for the asset monetisation of two highway sections of 310 kilometres. Asset monetisation has emerged as a strategic tool in NHAI's efforts to unlock the value of existing assets and attract private sector investment. By leveraging models such as Toll-Operate-Transfer (ToT) and Infrastructure Investment Trusts (InvIT), NHAI has successfully generated funds, which are being reinvested into new National Highway projects. The total National Highways assets monetised during the current financial year are around Rs 28,077 crores. The latest monetised assets span over two states, namely Maharashtra and Andhra Pradesh, an official statement said. "NHAI has accepted the offer of 'National Highways Infra Trust' (NHIT) amounting to Rs 6,220.90 crores towards asset monetization of two National Highway sections spanning over 310.35 km across two states," Union Ministry of Road Transport & Highways said on Monday. The

New NHAI InvIT for retail investors receives 5 NHs for ₹9,500 crore

NHAI has accepted a ₹9,500-crore offer from Raajmarg Infra Investment Trust to monetise five highway stretches spanning over 260 km across four states, expanding retail participation in road assets

Zero-coupon bonds: For investors targeting specific, long-term goals

These bonds could prove risky for investors who might need to exit early

Nhai plans to reduce its debt to below ₹2 trillion by March 2026

State-owned NHAI is planning to reduce its debt to below Rs 2 lakh crore in the current financial year ending March, a senior government official said on Sunday. NHAI's debt liability had peaked at Rs 3.5 lakh crore in 2021-22. As of December 31, 2025, the debt stands at Rs 2,35,947 crore. "In line with the government policy, NHAI has not borrowed since 2023 and since then the debt liability was reduced by around 32 per cent," the official said on condition of anonymity. Further, to reduce its overall debt, he said NHAI has prepaid liabilities of Rs 86,000 crore of which Rs 50,000 crore was NSSF loan. "No specific target for the current year was fixed but the debt liability is planned to be brought down below Rs 2,00,000 crore," the official said. Retiring this debt ahead of schedule has resulted in a steep decrease of NHAI debt. Due to proactive negotiation with banks, NHAI was able to reduce its interest burden by refixing interest rates lower by about 80 basis points during t

NHAI, Reliance Jio launch trials for real-time cattle alerts on highways

The National Highways Authority of India (NHAI) on Wednesday said it has launched a pilot project in two NH corridors for real-time stray cattle safety alert on National Highways to reduce accidents caused by sudden cattle movement. State-owned NHAI, in a statement, said the pilot project is being implemented on the Jaipur-Agra and Jaipur-Rewari NH corridors. As part of this initiative, Reliance Jio has upgraded its platform to enable nationwide delivery of these real-time stray cattle safety alerts. Last month, NHAI signed a Memorandum of Understanding (MoU) with Reliance Jio to introduce a telecom-based safety alert system across the National Highway network. The initiative aims to reduce accidents caused by sudden cattle movement on the National Highways, particularly during fog and low-visibility conditions. "Under the pilot project, location-based alerts will be triggered for the National Highway commuters, providing advance warnings approximately 10 km before identified ...

Cracks appear in homes near under-construction NHAI tunnel in Shimla

According to local residents, blasting during tunnel construction for the four-lane national highway has caused structural damage to nearby buildings and roads

Diversified infra players better bet amid weak road order inflows

Engineering and construction (E&C) order inflows remain subdued in Q3FY26 amid delayed approvals, funding constraints, and a high base